Recovery journey: FMM says the economy and in particular the manufacturing sector must continue to be supported in their recovery journey through initiatives to be implemented under Budget 2021.
PETALING JAYA: Manufacturers, who have been hard-hit by the Covid-19 pandemic and the ensuing movement control orders, want immediate support to improve their cash flow, especially for small and medium enterprises (SMEs).
The Federation of Malaysian Manufacturers (FMM) has called on the government to extend the moratorium on loans and financing until year-end, or even to March 2021, and widen the criteria for the wage subsidy programme (WSP) to relieve business cash flow.
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